ProShares - S&P Kensho Cleantech ETF (CTEX) Fund Overview

ProShares - S&P Kensho Cleantech ETF (CTEX) Financial Services Profile

ProShares - S&P Kensho Cleantech ETF (CTEX) is a non-diversified fund that tracks the S&P Kensho Cleantech Index, investing in companies involved in clean energy technologies. It offers investors exposure to the growing cleantech sector, focusing on renewable energy sources and related innovations within the asset management industry.

What Is the Investment Thesis for CTEX?

CTEX presents an investment opportunity for those seeking exposure to the cleantech sector. As of 2026-03-16, the fund's performance is tied to the S&P Kensho Cleantech Index, which includes companies involved in renewable energy technologies. Growth catalysts include increasing global demand for clean energy and supportive government policies. However, the fund's non-diversified nature and a beta of 2.42 indicate higher volatility. The absence of dividend yield may deter income-focused investors. The fund's success is dependent on the continued growth and innovation within the cleantech industry.

Based on FMP financials and quantitative analysis

CTEX Key Highlights

CTEX tracks the S&P Kensho Cleantech Index, providing targeted exposure to the cleantech sector.

• The fund is non-diversified, concentrating its investments in clean energy technologies.
• CTEX's beta of 2.42 indicates higher volatility compared to the broader market.
• The fund does not offer a dividend yield, which may not appeal to income-seeking investors.
• CTEX's performance is closely tied to the growth and adoption of clean energy technologies globally.

Who Are CTEX's Competitors?

CTEX is benchmarked below against 8 industry peers on price, market cap, and our AI MoonshotScore.

AI Score by Stock Expert AI · Price data: FMP / Yahoo Finance

What Are CTEX's Key Strengths?

Targeted exposure to the growing cleantech sector.

• Tracks a well-defined index (S&P Kensho Cleantech Index).
• Managed by an experienced ETF provider (ProShare Advisors).

What Are CTEX's Weaknesses?

Non-diversified nature increases volatility.

• No dividend yield may deter income-seeking investors.
• Performance is highly dependent on the cleantech sector's growth.

What Are the Key Risks for CTEX?

Economic downturns impacting clean energy investments.

• Changes in government policies affecting renewable energy incentives.
• Competition from other cleantech ETFs and investment funds.
• The fund's non-diversified nature increases volatility.
• Dependence on the cleantech sector's growth.

What Are CTEX's Competitive Advantages?

• Index Tracking: CTEX benefits from tracking the S&P Kensho Cleantech Index, which provides a defined and transparent investment strategy.
• Specialized Focus: The fund's focus on the cleantech sector provides a unique offering for investors seeking targeted exposure to renewable energy technologies.
• Expert Management: ProShare Advisors manages the fund, leveraging its expertise in creating and managing specialized ETFs.

What Does CTEX Do?

ProShares - S&P Kensho Cleantech ETF (CTEX) is designed to provide investment results that correspond to the performance of the S&P Kensho Cleantech Index. This index focuses on companies that are driving innovation in the clean energy sector. The ETF invests in companies involved in the development and production of technologies and products related to clean energy sources such as solar, wind, geothermal, hydrogen, and hydroelectric power. By tracking this index, CTEX offers investors a way to gain exposure to a portfolio of companies that are at the forefront of the clean energy revolution. The fund operates by investing in all component securities of the index, maintaining a similar proportion to the index weightings. As a non-diversified fund, CTEX concentrates its investments in a specific sector, which may result in higher volatility compared to more diversified investment products. ProShare Advisors manages the fund, leveraging its expertise in creating and managing specialized ETFs. The fund's objective is to provide investors with a targeted investment vehicle focused on the cleantech industry, enabling them to participate in the growth of renewable energy and sustainable technologies.

What Products and Services Does CTEX Offer?

• Invests in securities that track the S&P Kensho Cleantech Index.
• Focuses on companies involved in clean energy technologies.
• Provides exposure to solar, wind, geothermal, hydrogen, and hydroelectric energy sectors.
• Invests in all component securities of the index.
• Maintains a similar proportion to the index weightings.
• Operates as a non-diversified fund.
• Offers investors a targeted investment vehicle focused on the cleantech industry.

How Does CTEX Make Money?

• Tracks the performance of the S&P Kensho Cleantech Index.
• Generates revenue through management fees.
• Invests in companies involved in clean energy technologies.

What Industry Does CTEX Operate In?

CTEX operates within the asset management industry, specifically focusing on the cleantech sector. The cleantech industry is experiencing growth driven by increasing global awareness of climate change and supportive government policies promoting renewable energy. The competitive landscape includes other ETFs and investment funds that focus on clean energy, such as BULD, CLOD, CZAR, GENW, and HFMF. CTEX differentiates itself by tracking the S&P Kensho Cleantech Index, which uses a data-driven approach to identify companies involved in clean energy innovation.

Who Are CTEX's Key Customers?

• Institutional investors seeking exposure to the cleantech sector.
• Retail investors interested in renewable energy investments.
• Financial advisors looking for specialized ETFs for their clients.

CTEX Financials

CTEX Latest News

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CTEX Analyst Consensus

CTEX MoonshotScore

Common Questions About CTEX (Financials)

Disclaimer: This content is for informational purposes only and does not constitute investment advice. Always do your own research and consult a financial advisor.

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